Kester-backed Ceta Insurance bolts on Love Your Hut
A portfolio company of Kester Capital, Ceta Insurance, has wholly acquired beach hut insurance broker Love Your Hut.
Kester Capital acquired Ceta Insurance in 2017 using its Kester Cpaital Fund II, which closed in 2013 on £93m. Ceta was expected to undertake an organic and acquisitive growth strategy following the transaction. For future acquisitions, a spokesperson for the firm told Unquote: "Ceta is looking to acquire specialist personal and commercial line brokers, particularly those with a niche distribution angle."
Love Your Hut has already been integrated into the acquiring company but will retain its brand.
Company
Founded in 2013, Love Your Hut sells insurance policies for beach huts, chalets, shepherd huts and small houses. The company is based in Chipping Norton.
People
Kester Capital – Cameron Crockett (managing partner).
Advisers
Acquirer – TLT (legal).
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